Sri Lanka is facing an unprecedented economic crisis which has fuelled a period of political uncertainty and instability as President Gotabaya Rajapaksa disbanded his government and dropped his brother Basil as Finance Minister.
Protesters have taken to the streets in the capital Colombo, demanding the resignation of the President even as Opposition parties have rejected the President’s invitation to join the unity government.
As the island nation grapples with the worst economic crisis, lawmakers have warned of violence and the ruling party has lost the support of 40 lawmakers.
The government is getting mired in further trouble as the latest developments show.
Crippling power cuts, shortage of fuel, cooking gas and essential items in Sri Lanka have been caused by the economic meltdown. So far, the ray of hope appears nowhere on the horizon as Sri Lanka feels the heat and burden of massive debt.
